Galloping Inflation 2

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The topic of inflation has come up many times but I think it is time to renew it. My health insurance will go up 16.7% next month. It will increase again at the end of the year. Prices of almost everything increase constantly. For the first time I have begun to feel the effects of inflation here which I believe to be about 30% Some will say "leave" and they may be right. At some point they too may decide to leave! I can't believe that all expats here are so rich that they can absorb this inflation indefinitely.

Active Member

The madness never stops. Yesterday I went buy a Spanish magazine. Ok. Ok. Importado. Well three months ago, it was 12 pesos, for the last two 18 pesos. Yesterday it was 40 pesos!!!! Who pays $US 13-14 for a magazine in the third world? Needless to say I will no longer be purchasing that. Its really unbelievable. 8 pesos for a roll of Argentine paper towels which you will need the entire roll for one clean-up.. I, for one, am cutting back as much as possible. As everyone tells me, this is just a cycle and things are so out of price for locals that something is bound to happen soon.